Finance tips
Tax Breaks: Some States Offer Sales Tax Holiday, August 3–5
There’s good news for back to school shoppers, fashionistas and those looking to get new Macs, iPads, or PCs today. This weekend many States are offering consumers tax breaks on shopping. I got a note from the Apple retail store letting me know that if I lived in North Carolina, I could get a tax break on select Apple products. Regrettably, my home state of California is not offering the sales tax holiday, but here’s the list of states that are. Some states are offering breaks on clothing, footwear, computers and school supplies. All of this maybe to encourage back to school shopping, but if you’re considering a new fashion purchase, the tax break may encourage you to wait until this weekend to buy. Thanks to Business Insider for publishing this list of states and linking to the state tax bulletins for more information. Now may just be the time to ask my brother in North Carolina to go the Apple store for me!
Alabama: Aug. 3-5. Clothing under $100, computers under $750, and school supplies under $50.
Arkansas: Aug. 4-5. Clothing and footwear under $100, clothing accessories under $50, and school supplies.
Connecticut: Aug. 19-25. Clothing and footwear under $300.
Florida: Aug. 3-5. Clothing under $75 and school supplies.
Georgia: Aug. 10-11 and Oct. 5-7. During the August tax holiday clothing and footwear under $100, computers under $1,000, and school supplies under $20 qualify. During the October tax holiday energy or water efficient products under $1,500 qualify.
Iowa: Aug. 3-4. Clothing and footwear under $100.
Louisiana: Aug. 3-4. Any tangible personal property, other than a vehicle, under $2,500.
Maryland: Aug. 12-18. Clothing and footwear under $100.
Missouri: Aug. 3-5. Clothing under $100, school supplies under $50, computer software under $350, and personal computers under $3,500.
New Mexico: Aug. 3-5. Clothing and footwear under $100, computers under $1,000, computer hardware under $500, school supplies under $30.
North Carolina: Aug. 5-7. Clothing under $100, sports equipment under $50, computers under $3,500, school supplies under $100, and school instructional material under $300.
Oklahoma: Aug. 3-5. Clothing and footwear under $100.
South Carolina: Aug. 3-5. Clothing, clothing accessories, footwear, school supplies, computers, and linens. There weren’t any price limits for South Carolina.
Tennessee: Aug. 3-5. Clothing under $100, school supplies under $100, and computers under $1,500.
Texas: Aug. 17-19. Clothing and footwear under $100, backpacks for elementary or secondary students under $100, and school supplies under $100.
Virginia: Aug. 3-5 and Oct. 5-8. During the August tax holiday clothing and footwear under $100 and school supplies under $20 qualify. During the October tax holiday, energy efficient and water efficient products under $2,500 qualify.
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